PGRE
Paramount GroupPGRE
PGRE
About: Paramount Group Inc is a real estate investment trust engaged in owning, operating, managing, acquiring, and redeveloping high-quality, Class A office properties in select central business district (CBD) submarkets of New York City and San Francisco. The company operates in two geographical segments New York and San Francisco. The company derives nearly all of its majority of revenue from rental income.
Employees: 316
0
Funds holding %
of 7,296 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
1.8% more ownership
Funds ownership: 65.28% [Q4 2024] → 67.08% (+1.8%) [Q1 2025]
5% less funds holding
Funds holding: 190 [Q4 2024] → 180 (-10) [Q1 2025]
11% less capital invested
Capital invested by funds: $701M [Q4 2024] → $627M (-$74M) [Q1 2025]
17% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 71
21% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 28
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$4
38%
downside
Avg. target
$5.50
15%
downside
High target
$8
24%
upside
3 analyst ratings
1 positive
33%
1 neutral
33%
1 negative
33%
Evercore ISI Group Steve Sakwa | 24%upside $8 | Outperform Upgraded | 20 May 2025 |
Wells Fargo Blaine Heck | 30%downside $4.50 | Underweight Maintained | 19 May 2025 |
Morgan Stanley Ronald Kamdem | 38%downside $4 | Equal-Weight Maintained | 18 Mar 2025 |
Financial journalist opinion
Based on 5 articles about PGRE published over the past 30 days
Negative
Seeking Alpha
2 weeks ago
U.S. REIT Same-Store Net Operating Income Growth Slips In Q1
US equity REITs reported a marginal decline in the median growth rate of their same-store NOI in Q1 as the commercial real estate market continues to face macroeconomic challenges. Among all US equity REITs, the healthcare sector recorded the largest year-over-year gain in same-store NOI during the first quarter, with a median increase of 7.1%. During the first quarter, the office segment incurred losses in its same-store NOI, posting a median year-over-year decline of 0.9%.
Negative
Seeking Alpha
3 weeks ago
The State Of REITs: May 2025 Edition
The REIT sector saw another month of red in April (-6.45%) and REITs now average a -9.10% return over the first 4 months of the year. Microcap (-8.87%) and small-cap REITs (-8.69%) endured bigger average losses than mid-caps (-5.45%) and large-caps (-2.93%). 84.62% of REIT securities had a negative total return in April.
Neutral
PRNewsWire
3 weeks ago
INVESTOR ACTION NOTICE: Moore Law PLLC Encourages Investors in Paramount Group, Inc. to Contact Law Firm
NEW YORK , May 21, 2025 /PRNewswire/ -- Moore Law, PLLC, a shareholder litigation law firm located on Wall Street, is investigating potential claims against: Paramount Group Inc. (NYSE: PGRE) Shareholders should email Fletcher@fmoorelaw.com; please contact only if shares acquired before 2022 The investigation concerns a Wall Street Journal article outing Chief Executive Albert Behler for tapping company coffers to the tune of $4,000,000.00 to fund his personal expenses and business interests and his wife's business interests over the past three years.1 On May 20, 2025, The Wall Street Journal published an article detailing that from 2022 to 2024, Paramount spent more than $900,000 on Behler's personal accounting services, which it disclosed for the first time in April. It also paid more than $3 million to a private jet company, partly owned by Behler, during the same period.
Negative
WSJ
3 weeks ago
Major Office Landlord is Exploring a Sale of the Company
Paramount Group's announcement comes after its CEO revealed $4 million in previously undisclosed payments to his outside business interests.
Neutral
Business Wire
3 weeks ago
Paramount Announces Review of Strategic Alternatives to Maximize Shareholder Value and Management Transition
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that its Board of Directors has initiated a review and evaluation of strategic alternatives to maximize shareholder value. The announcement follows a successful first quarter marked by strong leasing activity. Albert Behler, Chairman, Chief Executive Officer and President, said, “As Paramount continues to build on the strong leasing momentum from the first quarter, the Board and manageme.
Positive
Zacks Investment Research
1 month ago
Is Paramount Group (PGRE) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
Business Wire
1 month ago
Paramount Announces Sale of 25% Interest in One Front Street
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has sold a 25% interest in One Front Street, a 649,000 square foot Class A office building located on the corner of Front and Market Streets in San Francisco, at a gross asset valuation of $255 million. Paramount will continue to own the remaining 75% interest and manage and lease the property. As part of the transaction, Paramount has provided $40.5 million of seller financing f.
Neutral
Seeking Alpha
1 month ago
Paramount Group, Inc. (PGRE) Q1 2025 Earnings Call Transcript
Paramount Group, Inc. (PGRE) Q1 2025 Earnings Call Transcript
Neutral
Business Wire
1 month ago
Paramount Signs 121,000 Square Foot Lease at 1301 Avenue of the Americas
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has signed a 121,000 square foot, 16.5 year lease with Benesch, Friedlander, Coplan & Aronoff LLP (“Benesch”) at 1301 Avenue of the Americas, a 1.8 million square-foot Class A office building, located between 52nd and 53rd Streets in Midtown Manhattan. Of the 121,000 square feet, approximately 30,000 square feet is short term. “We are proud to welcome Benesch to 1301 Avenue o.
Negative
Seeking Alpha
1 month ago
Sell These 10 REITs While You Still Can
This neither the best of times nor the worst of times for REIT investors. This article presents a list of 10 REITs that would merit a Sell rating even in the best of times, given their current condition. All 10 REITs face significant risks due to revenue shrinkage, and most are struggling with heavy indebtedness and a high risk of dividend cuts.
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